- Intel forecasts Q2 revenue above estimates, shares up 19% RTE —
- Intel shares jump 20% as it predicts revenue surge from AI data centres Irish Times —
- Intel CEO Lip Bu Tan crushed Wall Street targets on his 1-year anniversary: We are embracing our ‘paranoid’ roots Fortune —
- Intel gives strong AI-fuelled sales forecast, sending shares soaring The Straits Times —
- Intel's data center and AI revenue jumps 22% as quarterly sales top Wall Street estimates Quartz —
- Intel surges as Q1 results, guidance blow past Wall Street's forecast Seeking Alpha —
- Intel's Strong AI-Fueled Forecast Tops Estimates Bloomberg —
- Intel Gives Strong Outlook in Sign of Payoff From AI Spending Bloomberg —
- Intel shares jump 15% as it predicts revenue surge from AI data centres Financial Times —
- Intel's stock soars 15% as results top estimates, with chipmaker showing signs of growth CNBC —
- Intel forecasts second-quarter revenue above estimates, shares jump 15% - Reuters Reuters —
- Intel’s Revenues Soar, Aided by A.I. Boom The New York Times —
Intel Shares Soar on AI Outlook
The chipmaker posted $13.6 billion in quarterly revenue, driven by a 22% jump in its data center and AI division.
Intel is benefiting from a resurgence in demand for its server processors used in artificial intelligence applications.
CEO Tan Lip-Bu stated that the company is 'embracing its paranoid roots' to accelerate its comeback and compete with rivals like Nvidia.
The financial results have added nearly $50 billion to Intel's market value, marking its strongest performance in recent years.
Lip-Bu Tan
American businessperson
American businessperson
Wall Street
Street in Manhattan, New York, USA
Street in Manhattan, New York, USA